Thrivent Ultra Short Bond ETF (NYSEARCA:TUSB) Sees Large Drop in Short Interest

Thrivent Ultra Short Bond ETF (NYSEARCA:TUSB) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 25,612 shares, a drop of 42.4% from the September 15th total of 44,469 shares. Based on an average daily volume of 52,042 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the shares of the stock are sold short.

Thrivent Ultra Short Bond ETF Stock Performance

Shares of TUSB traded down $0.01 during midday trading on Friday, hitting $50.45. The stock had a trading volume of 23,719 shares, compared to its average volume of 21,855. Thrivent Ultra Short Bond ETF has a fifty-two week low of $50.05 and a fifty-two week high of $55.23. The business has a 50-day simple moving average of $50.47 and a two-hundred day simple moving average of $50.44.

Thrivent Ultra Short Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were paid a $0.1344 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 29th. This is a negative change from Thrivent Ultra Short Bond ETF’s previous monthly dividend of $0.1724.

About Thrivent Ultra Short Bond ETF

The Thrivent Ultra Short Bond ETF (TUSB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of debt securities with exposure to the US fixed income market. It holds various investment-grade debt investments while maintaining an average effective maturity of two years or less. TUSB was launched on Feb 19, 2025 and is issued by Thrivent.